Exhaustive Study on Ride Sharing Market 2020 | Strategic Assessment by Top Players (Uber, Lyft, Fasten, Haxi, Via, Didi Chuxing, Ola Cabs) | Forecast to 2025

Global Ride Sharing Market overview:

The growing demand for Ride Sharing has provided a major boost to the Global Ride Sharing Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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The major drivers of this market include the growing need for personal mobility in wake of rising urbanization and fall in car ownership. Also, growing Internet and smartphone penetration and stringent CO2 reduction targets are leading to the high growth of the ride sharing market. The factors which restrain the market are resistance from traditional transport services and complex transport policies of different countries.

The global Ride Sharing Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 PC Terminal

2 Mobile Terminal

On the basis of End Use Industry, the market is split into:

1 Age 18-24

2 Age 25-34

3 Age 35-44

4 Age 45-54

5 Age 55-64

The station-based mobility market is expected to grow at the fastest CAGR. Governments incentivize Station-based mobility across the world, and dedicated tracks are laid in various countries for the station to station mobility. Car sharing is the second fastest growing segment. The growth of car sharing is attributed to its benefits such as getting benefits of a private vehicle without the costs and responsibilities of car ownership. Car sharing companies are entering into different markets to cater the ride sharing market

Objectives of the Study

To describe and forecast the global Ride Sharing Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Ride Sharing Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Ride Sharing Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Ride Sharing Market.

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Some of the Ride Sharing Market manufacturers involved in the market are Uber, Lyft, Fasten, Haxi, Via, Didi Chuxing, Ola Cabs, Grab, Go-Jek, BlaBlaCar, myTaxi, Wingz, Getme Ride, Dida Chuxing, Acquisitions and effective mergers are some of the strategies adopted by the Ride Sharing Market manufacturers. New product launches and continuous technological innovations are the Ride Sharing Market strategies adopted by the major players.

Latest Industry Updates:

Uber:- Safety is the world's top priority right now. For many of us, this means staying inside and doing our bit to keep ourselves and those around us healthy. But at Uber, we also understand the challenges of a lockdown in accessing essential supplies and everyday necessities. So, to save you the risk of stepping out to get your supplies, we have started a new last-mile delivery service to get your everyday essentials right to your doorstep. We have partnered with bigbasket and are deploying a mix of UberGo, UberXL and UberMoto, to help them ensure reliable delivery of essential supplies to as many homes as possible in Bengaluru, Hyderabad, Chandigarh and Noida.

Our association with bigbasket complies with all hygiene and traffic regulations. More importantly, by encouraging citizens to stay at home, our service supports authorities in containing COVID-19. �Uber will not be charging any commission for this service. All the money paid to drivers will stay with them.�

Lalita Aggarwal, National Process Head-Last Mile of bigbasket added "The ongoing pan-India lockdown has led to a disruption in the supply of essential goods, primarily led by a shortage of personnel and delivery vehicles. We are very happy to partner with Uber India for this initiative and we will be utilizing a portion of their huge fleet of cars, bikes as well as personnel to help with our deliveries to fulfill customer orders. We are thankful to Uber India for helping us deliver essential goods to thousands of customers across the country and the opportunity to provide financial sustenance to many drivers and riders during this time. As a brand, we are committed to providing the best possible services to our customers and this partnership with Uber is another step towards that goal."

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Asia Pacific was a prominent market for Ride Sharings in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Ride Sharing market in Asia Pacific.

There are several manufacturers of Ride Sharings in Europe and North America. In North America, the demand for Ride Sharings is primarily driven by the residential sector. Improved standards of living and rising usage of Ride Sharings for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Ride Sharing Market Report 2020

1 Ride Sharing Definition

2 Global Ride Sharing Market Major Player Share and Market Overview

3 Major Player Ride Sharing Business Introduction

4 Global Ride Sharing Market Segmentation (Region Level)

5 Global Ride Sharing Market Segmentation (Product Type Level)

6 Global Ride Sharing Market Segmentation (Industry Level)

7 Global Ride Sharing Market Segmentation (Channel Level)

8 Ride Sharing Market Forecast 2020-2024

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